The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and reject any market smokescreens.

Finally, we see the market turning around, and the bullish organizations can finally breathe a sigh of relief. In the past two days, Lao Cui has been almost overwhelmed by questions from spot users, as the first step of the long march is always the hardest to take. Today, let's talk about Bitcoin. Compared to other cryptocurrencies, Bitcoin has been relatively stable during this round of fluctuations. I wonder if everyone feels the same; it seems that Bitcoin has matured a lot this year, finally avoiding large-scale crashes and surges, making it easier to profit in this market. This is all thanks to the successful listing, which has the effect of controlling the rise and fall. Simply put, after the listing, a portion of people must become wealthy; otherwise, the subsequent listings of cryptocurrencies will likely become even more difficult. For those with a certain amount of capital, the first choice is definitely to enter the market based on Bitcoin. To answer yesterday's question, about five users asked Lao Cui about USDT. Many coin friends have fallen into a misunderstanding, thinking that the cryptocurrency market cannot operate normally without USDT.

This kind of question sounds very naive. It should be known that when the cryptocurrency market first formed, there was no intermediary, meaning there was no Tether involved; it was possible to directly exchange fiat currency for cryptocurrencies. The emergence of USDT has instead added a layer of trading options to the cryptocurrency market. Even if USDT were to disappear, it would not impact the cryptocurrency market. The second question is, how to handle the USDT in hand? This handling does not teach everyone how to convert it into fiat currency, as this is not allowed legally. Regarding stablecoins, many people have a limited understanding of this logic. If USDT really has problems, what everyone should do is quickly convert all the cryptocurrencies in hand into Ethereum, BNB, or Bitcoin. Why is Bitcoin the last choice? This mainly depends on everyone's capital level. Bitcoin has larger fluctuations, and in Lao Cui's view, it is not the first choice for stability. To smoothly get through this period of turbulence, it is definitely better to focus on more stable options. My personal suggestion is to first convert USDT into other cryptocurrencies and wait for this round of turmoil to pass before considering other methods. Even if USDT is really eliminated, it is not something to be anxious about; this is an issue that the platform should resolve. There is no need to be overly anxious.

In the later sections, I will start discussing future trends. After a surge last night, the technical indicators show signs of pressure and correction, which confirms our previous strategy. In the short term, it is a form of fluctuation; it will not surge high nor drop too deeply, just operate back and forth. Currently, as we approach the critical node of the election, BlackRock predicts that the election will mainly lead to a rise (this is for the US stock market). The growth of the US stock market and the A-shares is not favorable for us. So here, Lao Cui needs to remind readers that short-term trends do not determine long-term direction. Do not jump to conclusions; as soon as there is a drop, do not prepare to short or withdraw from the spot market. I have emphasized many times that the current market trend is in the washout phase before the bull market arrives, aimed at eliminating impatient retail investors. The current market is a test of who has more patience, which is why Lao Cui does not recommend trying short positions. Once a short position is entered and the market reverses, it is very difficult for the short position to recover, and there may not even be an opportunity to break even. As for the current trend, Lao Cui has carefully analyzed it, and the current median line for Ethereum is very clear at 2575; this point is crucial. As long as it remains under this point, a bull market will not arrive. Once it breaks through, it can basically be confirmed that a bull market is coming.

For contract users, if you want to profit in the short term, the main strategy is to short at high prices and long at low prices, as there will not be significant fluctuations in the short term; just short at high points. However, once the key point of 2575 is broken, the short position will be trapped, and you should switch to a long position and wait for the bull market to start. For spot users, most of Lao Cui's readers have entered at what can be considered the current low points, so there is no need to exit. Do not worry too much about the 2200 spot. This article may be a bit long, and I want to explain that Lao Cui may need to guide users for a while longer, so I hope everyone can be understanding. This week is quite special, as almost all major events will occur this week. The data from the US is also concentrated before the election, and overall, it is mostly favorable information, especially regarding interest rate cuts, which now has a probability of over ninety-three percent. November is destined to be a season of abundant harvests. The results of the election have already been discussed; no matter who is in power, the impact on the cryptocurrency market is almost related to favorable outcomes. Harris has never released any negative news for the cryptocurrency market, and the only benefit of Trump coming to power is legalization.

The data released this week will likely also be favorable from a political perspective, so there is no need to worry too much about future estimates. Remember one thing: spot users should hold firmly. For contract users, try to clear positions before Trump comes to power. At the same time, Lao Cui has a message for all the young people in the cryptocurrency market. After communicating, I increasingly feel the difficulties faced by young people today. Do not be influenced by others. When the internet is filled with statements that opportunities for young people are becoming fewer, do not be anxious or complain about fate. This precisely represents the beginning of new opportunities in the new era, as those who make such statements are unable to understand the development of new things and are still immersed in old thoughts, gradually fading away. Opportunities are always reserved for those who are prepared. Young people should not feel discouraged; what you need to do is simple: just accumulate strength. When the painful transition period between the old and new eras passes, you will need to uphold the light of inheritance and lead the development of the times. The stars are bright; dare to make mistakes. The future is what we forge together.

Lao Cui's summary: At this stage, the growth momentum of Bitcoin far exceeds that of Ethereum. The recent correction mainly depends on the depth; if it can touch below 67000 again, if it cannot, the market may continue until the release of US data. Everyone just needs to hold onto their chips. Wait for the right moment to come, then boldly go long, as there is still room above. For Ethereum, everyone should try to refrain from entering contracts; contract entries should also be based on Bitcoin, which is basically in line with the spot trend. Before facing the market, try to layout in advance. As long as the depth of today's correction appears, you can safely go long. The correction provides an opportunity for everyone to enter, and the holding time can be slightly longer. The profit target for Bitcoin is generally around 500-1000 points. If you want to win with heavy positions in the short term, you must wait for the depth of the correction to be officially confirmed, around 67500. The current price is more suitable for entering with light positions. Entering at the current price must have a stop-loss space of 2000 points, and further declines will still require adding positions. After that, waiting for the arrival of US strategies will be the time for everyone to profit. That's all for now. If anyone has questions or is stuck in positions, feel free to message Lao Cui directly. Rest assured, I will continue to serve everyone without charging fees.

Original creation by WeChat public account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess. A master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and strategizes, not focusing on individual pieces or territories, aiming for the ultimate victory. The novice, on the other hand, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, and often finds themselves trapped.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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